Shell Midstream Partners, L.P. (SHLX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
150 N. DAIRY ASHFORD HOUSTON, TX 77079 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 461 - Pipelines, Except Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 360,000 | 320,000 | 289,000 | 208,000 | 137,700 | 121,900 | |||
| Cash and cash equivalents | 360,000 | 320,000 | 289,000 | 208,000 | 137,700 | 121,900 | |||
| Receivables | 56,000 | 41,000 | 41,000 | 47,500 | 41,000 | 28,500 | |||
| Prepaid expense | 26,000 | 24,000 | 16,000 | 15,400 | 12,500 | 6,000 | |||
| Other undisclosed current assets | 23,000 | 9,000 | 13,000 | 12,700 | 12,400 | 9,000 | |||
| Total current assets: | 465,000 | 394,000 | 359,000 | 283,600 | 203,600 | 165,400 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 16,000 | ✕ | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 3,000 | 4,000 | 4,000 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,344,000 | 699,000 | 726,000 | 742,400 | 736,500 | 398,000 | |||
| Long-term investments and receivables | 974,000 | 1,013,000 | 926,000 | 822,900 | 424,700 | 302,200 | |||
| Long-term investments | 974,000 | 1,013,000 | 926,000 | 822,900 | 424,700 | 302,200 | |||
| Regulated entity, other noncurrent assets | 2,000 | 3,300 | |||||||
| Other noncurrent assets | 2,000 | 2,000 | 2,000 | 2,500 | 1,700 | ||||
| Other undisclosed noncurrent assets | (470,000) | 217,000 | 2,000 | 58,800 | |||||
| Total noncurrent assets: | 1,853,000 | 1,953,000 | 1,660,000 | 1,629,900 | 1,162,900 | 700,200 | |||
| TOTAL ASSETS: | 2,318,000 | 2,347,000 | 2,019,000 | 1,913,500 | 1,366,500 | 865,600 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 15,000 | 15,000 | 17,000 | 17,000 | 16,700 | 7,100 | |||
| Accounts payable | 4,000 | 5,000 | 5,000 | 4,000 | 4,000 | 1,500 | |||
| Accrued liabilities | 11,000 | 10,000 | 12,000 | 13,000 | 12,700 | 5,600 | |||
| Deferred revenue | 2,000 | 4,000 | ✕ | ✕ | ✕ | ||||
| Debt | 1,000 | 1,000 | 1,000 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 19,400 | 13,900 | ||
| Due to related parties | 417,000 | 16,000 | 10,000 | 8,900 | 11,600 | 5,200 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 8,000 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 54,000 | 46,000 | 18,000 | 18,300 | 7,200 | 5,100 | |||
| Total current liabilities: | 489,000 | 82,000 | 46,000 | 52,200 | 54,900 | 31,300 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 27,000 | 28,000 | 28,000 | 25,100 | 24,300 | 24,900 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 25,100 | 24,300 | 24,900 | ||
| Finance lease, liability | 23,000 | 24,000 | 24,000 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 2,295,000 | 2,695,000 | 2,694,000 | 2,090,700 | 1,853,200 | 689,500 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 2,600 | 2,100 | ||
| Deferred revenue | 3,000 | 3,000 | 2,000 | ✕ | ✕ | ✕ | |||
| Asset retirement obligations | 6,600 | 1,400 | |||||||
| Due to related parties | 2,292,000 | 2,692,000 | 2,692,000 | 2,090,700 | 1,844,000 | 686,000 | |||
| Operating lease, liability | 4,000 | 4,000 | 4,000 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 2,500 | ||||||||
| Total noncurrent liabilities: | 2,322,000 | 2,723,000 | 2,722,000 | 2,118,300 | 1,877,500 | 714,400 | |||
| Total liabilities: | 2,811,000 | 2,805,000 | 2,768,000 | 2,170,500 | 1,932,400 | 745,700 | |||
| Equity | |||||||||
| Equity, attributable to parent | (8,000) | (9,000) | (8,000) | ||||||
| Accumulated other comprehensive loss | (8,000) | (9,000) | (8,000) | ||||||
| Other undisclosed equity | (485,000) | (449,000) | (741,000) | (257,000) | (565,900) | 119,900 | |||
| Total equity: | (493,000) | (458,000) | (749,000) | (257,000) | (565,900) | 119,900 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,318,000 | 2,347,000 | 2,019,000 | 1,913,500 | 1,366,500 | 865,600 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 556,000 | 481,000 | 503,000 | 524,700 | 470,100 | 291,300 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 291,300 | ||
| Cost of revenue | (267,000) | (257,000) | (210,000) | (200,600) | (155,700) | (75,700) | ||
| Gross profit: | 289,000 | 224,000 | 293,000 | 324,100 | 314,400 | 215,600 | ||
| Operating expenses | (57,000) | (55,000) | (78,000) | (111,900) | (114,300) | (55,100) | ||
| Operating income: | 232,000 | 169,000 | 215,000 | 212,200 | 200,100 | 160,500 | ||
| Nonoperating income (Other Nonoperating income) | 391,000 | 457,000 | 423,000 | 333,100 | 224,000 | 117,200 | ||
| Interest and debt expense | (82,000) | (90,000) | (92,000) | (61,000) | (29,400) | |||
| Income from continuing operations before equity method investments, income taxes: | 541,000 | 536,000 | 546,000 | 484,300 | 394,700 | 277,700 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 27,000 | 20,000 | (1,500) | (2,800) | (12,300) | |||
| Income from continuing operations before income taxes: | 568,000 | 556,000 | 546,000 | 482,800 | 391,900 | 265,400 | ||
| Income tax expense | (400) | (100) | ||||||
| Income from continuing operations: | 568,000 | 556,000 | 546,000 | 482,400 | 391,800 | 265,400 | ||
| Income before gain (loss) on sale of properties: | ✕ | 568,000 | 556,000 | 546,000 | 482,400 | 391,800 | 265,400 | |
| Net income: | 568,000 | 556,000 | 546,000 | 482,400 | 391,800 | 265,400 | ||
| Net loss attributable to noncontrolling interest | (12,000) | (13,000) | (18,000) | (18,300) | (19,200) | (20,500) | ||
| Other undisclosed net loss attributable to parent | (77,300) | |||||||
| Net income attributable to parent: | 556,000 | 543,000 | 528,000 | 464,100 | 295,300 | 244,900 | ||
| Other undisclosed net loss available to common stockholders, basic | (36,000) | |||||||
| Net income available to common stockholders, diluted: | 556,000 | 507,000 | 528,000 | 464,100 | 295,300 | 244,900 | ||
Comprehensive Income ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 568,000 | 556,000 | 546,000 | 482,400 | 391,800 | 265,400 | ||
| Other comprehensive income (loss) | 1,000 | (1,000) | (2,000) | |||||
| Comprehensive income: | 569,000 | 555,000 | 544,000 | 482,400 | 391,800 | 265,400 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (12,000) | (13,000) | (18,000) | (18,300) | (19,200) | (20,500) | ||
| Comprehensive income, net of tax, attributable to parent: | 557,000 | 542,000 | 526,000 | 464,100 | 372,600 | 244,900 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.